What to Know Before Hiring Independent Contractors - Deepstash

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What to Know Before Hiring Independent Contractors

inc.com

Know Your ABCs

Before hiring independent contractors, consult first with a lawyer who's well-versed in the rules everywhere for federal and state-worker classification laws because they vary widely.

There are some states where independent contractor relationships are subject to the "ABC test"

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It's time to consider reclassification if a contractor works for you full time with no other clients and you're exercising control over that contractor's work. 

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Hiring independent contractors instead of employees can save you 15 to 30 percent on payroll taxes and benefits, however if you are caught misclassifying whatever you have saved will be obliterated from what you'll owe in back taxes, benefits payments fines, and federal penalties.

Mitigate ...

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